Infosys Finacle Q1 sales up 24% at $79.5 mn

NEW DELHI: Finacle, the banking product division of Infosys Technologies, recorded 23.7 per cent jump in turnover to USD 79.5 million (about Rs 356 crore) for the first quarter ended on June 30, 2011.

"The topline (during the quarter) rose to 79.5 million against USD 64.2 million in the same quarter a year ago," said Haragopal M, global head, Finacle.

However, turnover declined by 7.6 per cent on quarter-on-quarter basis. In the January-March quarter of 2011, the division recorded a turnover of USD 86.1 million.

Haragopal said the division signed 11 new deals during April-June quarter. As many as 20 banks and financial institutions across the globe have implemented Finacle during the quarter under review.

Finacle, with over 148 clients across 72 countries, has rolled out few new products including Mobile Banking solution.